The Indicator Pi Cycle was been very accurate in the past. It has been quite effective in determining tops and bottoms. About Pi Cycle Indikator TOP: It uses the cross of 111 day SMA and 350x2 day SMA. About Pi Cycle Indikator BOTTOM: It uses the cross of 150 day SMA and 471x0.745 day EMA. And the RSI is below 50, which is also a clear bottom signal imo.
price needs to come out of the consolidation zone, i.e. above 23000. rsi seems giving prior breakout from the consolidation range . it should come up in next sessions.
however, 18k will work as strong support , if btc goes beyond this level , consider selling
Here we have Bitcoin on the weekly chart. As price makes its way up and down the chart it stops at $30000, $20,000, & $10,000.
Bitcoin is also in what looks like a premature bearish pattern. There are multiple trend lines that point to the same price point giving it some extra strength.
If price breaks pattern soon then we could see $30,000.
If not, then we...
After a few days of consolidation with low volume, Bitcoin is ahead of the next big move. Quite scary bearish target of 12000$, but I still think that we must have some shorts liquidated first and the move to 27000$ will give this to us. After that we can decide - reclaim it as support or new lows. Technically we have a potential hidden bearish divergence on the...
If bitcoin will not break 65000 €uro ca $75000 in December then we are in bull market and following 5 cycles in 10 week periods till May 2022 will be selling cycles,
Price will slowly fall up to 15000.
Green arrows are the cycles when buying is profitable (except the unpredictable fluctuation in March 2021 the COVID panic month).
Red are the 10 week periods when...
#Bitcoin #BTC 15 Min chart Demand and Supply Levels.
Bullish Supply Range ( Go Long) - USD 19,550- to USD 19,774-
(Blue Circle in Image)
Bearish Supply Range ( Go Short) - USD 20,200- to USD 20,500/-
(Red Circle in Image)
#bitcoin #btc #cryptocurrency #crypto
Current Status - Movement Towards Bull Run.
Influencers will scream 30'000 or a new high after we break the trend line.
For me we will just take the Liquidity and move heavy to the down side.
12'000 by no later than end of the year.
Just watch and do the opposite of the "Influencers"
Please dont but all the money on the line, your saving will be gone.
What do you guys think? please comment down-below
Happening now: We are looking good on the daily timeframe, BTC has decisively gone over multiple resistance points and continues to cross over them with conviction. The concern is that this is all happening as the leading economies in the world are showing signs of bad times coming, During different times I would say that the bottom was in, but since we are in the...
PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching.
BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by...
Hello my friends!
Bitcoin is on track again. I haven't posted that much in the last time. My last post was from 9 February. Since that time I have been buying the dips step by step. My last buy was at 12 May. I waited deliberately until I was writing this post. I wanted to make sure we hit the bottom. We might still have a small dip at the very maximum, but the...
I see bearish head & shoulder pattern for bitcoin. This pattern has a target of 18k.
I see also strong support at 30k so this support can hold bitcoin a bit but at the end its target is 18k.
How to calculate head & shoulder pattern target:
Have a nice day,
Hi dear friends, hope you are well and welcome to the new trade setup of Bitcoin ( BTC ).
Net Unrealized Profit/Loss (NUPL):
If we take a look at on-chain analysis then On-chain Bitcoin: Net Unrealized Profit/Loss (NUPL) suggests, that now we are in the capitulation phase.
Broke down the triangle:
On a 4-hr time frame, Bitcoin has formed two triangles and...
One of the most important support lines is touched: EMA50! Bollinger Band gives also support. AND: RSI shows clear signals. Pullback expected!
EMA (50) = Fuchsia
Bollinger Band (1D 400 StdDev 1.618) = Red
RSI (14) = White
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